The euro slides to its lowest level since March

The euro dropped its lowest level
since March after the European Central Bank said
it wouldn't taper policy anytime soon.

The currency is down by 0.6% at 1.0868 against the
dollar as of 11:58 a.m. ET.

As for the rest of the world, here's the scoreboard as of 2:29
p.m. ET:

The US dollar
index is up by 0.4% at 98.78 on a
relatively quiet day for data. Notably, a Morgan Stanley team led
by Hans W. Redeker
argued in a recent note that "the foundation for a
powerful USD rally is in place. In many aspects, the USD
outlook is stronger than it was last year."

The British pound is down by 0.4% at
1.2210 against the dollar. "It is becoming clear that
Sterling has been enveloped by political uncertainty with hard
Brexit jitters ensuring prices remain depressed,"
saidLukman Otunuga of FXTM.

The Russian ruble is little
changed at 62.5429 per dollar, while Brent crude oil is up
by 0.4% at $51.55 per barrel.